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| Form 4 filing of VVS Act 2020 | |
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| Excerpt of query: | Respected members, we have received FORM 3 by designated authority in Dec 2020. Out of 5 AY’s , their is refund n 4 AY’s. We have not filed FORM 4 till date. Please guide us whether we can file FORM 4 now and also how to apply for refund claim. |
| Whether long term capital gains invested in a house outside India is eligible to claim exemption (S. 54, 54F) ? | |
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| Excerpt of query: | IF AN ASSESSEE INDIVIDUAL SELLS HIS RESIDENTIAL SITE IN INDIA AND GIFTS THE SALE PROCEEDS TO HIS DAUGHTER (NRI) FOR THE PURCHASE OF A RESIDENTIAL HOUSE OUTSIDE INDIA, CAN THIS BE ELIGIBLE TO CLAIM EXEMPTION? |
| WITHHOLDING (TDS) RATE ON PROFESSIONAL/FEES FOR TECHINCAL SERVICE PAYMENT TO NRI | |
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| Excerpt of query: | WHAT WILL BE THE WITHHOLDING / TDS RATE ON FEES FOR TECHNICAL SERVICE PAID TO NRI (RESIDENT OF USA). PLEASE NOTE, TRC OF THE NRI IS NOT AVAILABLE. CAN BENEFIT OF DTAA BE CLAIMED. WHAT IS THE TAX RATE AS PER INDIAN INCOME TAX ACT AND DTAA OF USA ON FTS. AS PER MY UNDERSTANDING IF THE RECEIVER DOES NOT HAVE PAN – THEN TDS AT HIGHER RATE OF 20% IS TO BE DEDUCTED. WILL THIS PROVISON BE APPLICABLE HERE? |
| Time limit for Issuing scrutiny notice u.s 143 (2) , FY 2018-19 | |
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| Excerpt of query: | Dear Shashi ji, Could you pl advise us the last date for issuance of notice under 143(2) for FY 2018-19 not for FY 2019-20 Kind regards Sameerjain |
| Issuing scrutiny notice _ AY 2019-20 | |
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| Excerpt of query: | Dear sir, Which is the last date to issuing scrutiny notice for AY 2019-20 ? Kind regards, Sameer jain |
| What should be done if the Karta of HUF is alive but becomes incapable of contracting? | |
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| Excerpt of query: | What should be done if the Karta of HUF is alive but becomes incapable of contracting? |
| GST Regn.-Whether Additional New Activity started is required to be incorporated in GST Regn. | |
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| Excerpt of query: | A trader registered with GST has started a new manufacturing additional activity under new HSN Code. Whether this new activity is required to be incorporated in the existing GST Regn. |
| Whether amount transferred to Indian Bank account of non-resident, for the dividend payment, whether the company can file Form 15CB? | |
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| Excerpt of query: | Due to the introduction of TDS on dividend payments, the company has deducted TDS u/s 195 for the dividend payments to non-residents. Should the company also file Form 15CB for those cases? Also, please clarify what is the applicability of Form 15CB if the transfer is made to the Indian bank account of the non-resident? |
| Whether gift my maternal grandmother to the grand son is considered as relative and exempt u/s 56 (2)(x) of the Act? | |
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| Excerpt of query: | Is gift by maternal grandmother to the grandson covered under the definition of relative for the purposes of section 56(2)(x)? |
| During the assessment proceeding U/s 153C whether the A.O can make enquiries relating to the issues other than issues covered by the reason recorded for issuance of notice u/s 153C of Income Tax Act. | |
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| Excerpt of query: | During the assessment proceeding U/s 153C whether the A.O can make enquiries relating to the issues other than issues covered by the reason recorded for issuance of notice u/s 153C of Income Tax Act. During the course of assessment proceeding U/s 153C whether the A.O should confine the finding only to the extent of the reasons recorded for issuance of a notice U/s 153C or can he go beyond the reasons recorded. Thank you |